Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Vacation tips for breast cancer patients
Reports claim that cancer, one of the most feared diseases, is something that one out of every three Koreans faces during their lifetime. Fifty-four-year-old Yu was diagnosed with stage-2 breast cancer two years ago. She had exercised regularly and enjoyed outdoor sports before, but chemotherapy and
TechnologyAug. 18, 2011
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‘Amazing’ therapy fights leukemia
NEW YORK (AP) ― Scientists are reporting the first clear success with a new approach for treating leukemia ― turning the patients’ own blood cells into assassins that hunt and destroy their cancer cells.They’ve only done it in three patients so far, but the results were striking: Two appear cancer-f
TechnologyAug. 18, 2011
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Korean banks temporarily halt household lending
South Korea's major banks said Thursday that they temporarily suspended the extension of fresh household loans in a bid to join the regulator's efforts to curb excessive growth of household debt.Local banks, including Shinhan and Hana, said they have begun to halt extending fresh home loans, includi
Aug. 18, 2011
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Bosses steal workers’ ideas: poll
More than half of Korean workers received unfair treatment from their bosses when proposing new ideas, a poll showed on Thursday.(MCT) According to Career, a local recruitment website, about 56.6 percent of the 380 respondents said they had being treated unfairly after handing in their proposals. Ab
IndustryAug. 18, 2011
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What's the age of the moon? It could be waning
WASHINGTON (AP) _ That old moon might not be as antique as once thought, some scientist think. They say it is possible that it is not a day over 4.4 billion years old. The full moon rises behind the ancient temple of Posseidon, in Sounio about 73 kilometers southeast of Athens. (AP-Yonhap News
TechnologyAug. 18, 2011
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Chaebol’s market dominance at record high in manufacturing
The 10 largest conglomerates pocketed a massive 41 percent of the total revenue of the manufacturing industry in the past five years, the largest portion ever, showing the ever growing dominance of a handful of chaebols against Seoul’s pursuit for shared growth. More than half of listed manufacturin
Aug. 17, 2011
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German court overturns EU ban on sale of Galaxy Tab
A fierce patent battle between the two global tech giants ― Samsung Electronics and Apple Inc. ― is taking a new turn after a German court reversed last week’s injunction against the sale of the Galaxy Tab 10.1 across Europe. The decision means that Samsung can sell its Galaxy Tab 10.1 in most Europ
IndustryAug. 17, 2011
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Country’s first bandwidth auction takes place
The Korea Communications Commission on Wednesday held the country’s first wireless broadband spectrum auction, participated by all three mobile carriers, with the bidding scheduled to continue Thursday.Two leading mobile carriers, SK Telecom and KT Corp., competed to take home the 1.8 gigahertz radi
Aug. 17, 2011
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SC First Bank pinning hopes on compromise to end extended strike
Management at Standard Chartered First Bank Korea is pinning hopes on a compromise with unionized workers to end their months of labor strikes.The hope for settlement of the labor dispute that started on June 27 over the company’s move to introduce a performance-based wage system is coming as the go
Aug. 17, 2011
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MBK sole preliminary bidder for Woori Finance stake
Government may launch fresh round of bidding process to find investorMBK Partners submitted a preliminary bid for a stake in Woori Financial Group on Wednesday, becoming the sole bidder among the three potential private equity funds.The other two contenders ― Vogo Fund and T-Stone ― dropped out of t
Aug. 17, 2011
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Samsung braces for future uncertainties
Lee holds series of meetings as Korea’s top company faces challenges from global, industry-wide woesSamsung Group appears to be struggling to weather the latest global economic uncertainties stemming from troubles in some of the world’s largest economies, coupled with industry-embedded problems such
IndustryAug. 17, 2011
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Regulators express unease over financial groups’ dividends
Korea’s four major financial groups have been paying high dividends to shareholders compared to those paid by other listed companies, financial industry data showed Thursday.As foreigners account for a great portion of their shareholding structure, there has been anxiety over a capital flight in the
Aug. 17, 2011
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Financial market recovering: Bahk
Seoul shares extend run of gainsFinance Minister Bahk Jae-wan Wednesday vowed to closely monitor the market as it stabilizes on improved prospects.“Financial markets at home and abroad are stabilizing ... but concerns over possibly drawn-out fiscal woes in Europe and an economic slowdown in the U.S.
Aug. 17, 2011
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Uniqlo’s biggest Asian flagship store in Seoul
Uniqlo, a global casual wear brand run by Japan’s Fast Retailing Co., said Wednesday that it will open Asia’s biggest flagship store in downtown Seoul later this year to strengthen its presence here.The store, to be located in Myeongdong, one of the main shopping districts in Seoul, will be Uniqlo’s
IndustryAug. 17, 2011
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Chocolate wards off hunger, and maybe sunburn too
MONTREAL (AFP) -- Scientists in Canada said Monday that they plan to study whether eating dark chocolate not only satisfies sweet tooth cravings, but protects against sunburn as well.(MCT)The study by researchers at Laval University in Quebec will monitor the effects of chocolate consumption o
TechnologyAug. 17, 2011
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Local handset makers brace for Google’s Motorola buy
With Google Inc. inking a deal with Motorola Mobility to acquire the mobile phone maker for $12.5 billion Monday, local handset makers are bracing for changes the surprise takeover is expected to bring.While it was seen as positive in terms of patent protection for Android-powered smartphones becaus
IndustryAug. 16, 2011
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Hyundai firms plan W500b charity foundation
Hyundai Heavy Industries and some other companies bearing the Hyundai name will set up a charitable foundation with 500 billion won ($467 million), the shipbuilder announced Tuesday.Much of the fund will be raised by Hyundai Heavy Industries and its subsidiaries, and the group’s largest shareholder,
IndustryAug. 16, 2011
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KT&G to raise social spending
KT&G Corp., the country’s largest cigarette maker, plans to raise the proportion of annual revenues injected into corporate social responsibility projects to 3 percent.The target was included in the company’s long-term social contribution plans announced Tuesday.KT&G CEO Min Young-jin said in a stat
IndustryAug. 16, 2011
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CJ CheilJedang to build plant for animal feed amino acid in Malaysia
CJ CheilJedang, Korea’s largest food maker, said Monday that it will establish the world’s first methionine plant in Malaysia next year. In April, CJ sealed a deal with France-based chemical firm Arkema to make an investment of more than $400 million in Kerteh, Terengganu State of Malaysia. If
IndustryAug. 16, 2011
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Korea seeks stock market balance
Top regulators and heads of banking groups meet to discuss market stabilityKorea’s financial regulators and heads of banking groups agreed on the need to reduce the importance of foreign investors in the stock market, officials said Tuesday.It was the first time that the nation’s financial authoriti
Aug. 16, 2011
